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News
Kevin Woods Quoted in WSJ
By: admin / November 8th, 2012
Muni Bonds Could Gain From Obama Victory; Tax Reform Still Unclear
President Barack Obama’s re-election Tuesday will likely increase demand for municipal bonds–at least in the short term–as his victory suggests taxes will rise, making the tax exemption on munis more attractive.
What is less certain, however, is whether Mr. Obama’s proposal to limit the tax exemption on munis will
gain any traction in the longer term. While the U.S. Senate remains controlled by Democrats,
the House of Representatives is in the hands of Republicans, which could lead to further gridlock on fiscal
issues. But some market participants said a change to munis’ tax exemption could still be in the cards.
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